Word: stockholm
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Dates: during 1970-1979
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...government has severely curtailed the discretion of Sweden's capitalists in using their wealth and managing their businesses. Observes Stockholm University Jurist Gustaf Lindencrona: "As long as you use your money to raise productivity, the government won't do anything against it. But if people want to consume their money, the government will keep them from doing it." The aim has been to foster what the Social Democrats call "social" rather than "antisocial" uses of ownership. This will be furthered by legislation that takes effect next year, encouraging all management decisions to be subject to collective bargaining with...
Special Conditions. Sweden's hybrid economy rode out the recent worldwide recession rather well. The Swedish gross national product grew (albeit modestly), and unemployment was minimal (49,000, or 1.2% of the labor force, as of last May). The success of Stockholm's antirecession measures (like subsidizing production for stockpiles in order to keep employment high) was praised as an example of adroit fine tuning by the Organization for Economic Co-operation and Development. Yet the price Sweden paid for combatting unemployment this way was a sharp decline in productivity and a high rate of inflation (currently about...
Assembled in Stockholm's hauntingly Gothic cathedral were four reigning monarchs (Belgium's King Baudouin, Denmark's Queen Margrethe II, Luxembourg's Grand Duke Jean and Norway's King Olav V), ex-King Constantine of Greece and ex-Tsar Simeon II of Bulgaria, eight princes, ten princesses and other assorted nobility...
Married. Swedish King Carl XVI Gustaf, 30, and German-born Silvia Sommerlath, 32; both for the first time; in Stockholm (see THE WORLD...
...attempted murder. Other Baader-Meinhof members are among 220 terrorists also in West German prisons, but the group clearly has some colleagues on the outside. Since the trial began, remnants of the gang still at large and fellow terrorists have bombed the West German embassy in Stockholm, killing two diplomats, shot it out with police in Cologne, murdered a West Berlin supreme court judge, and kidnaped a leading West Berlin politician, whom they traded for the release of five Baader-Meinhof followers...